On April 25th, 2014, Romania enacted legislation to amend the country's Tax Code for a corporate tax exemption of profits reinvested in the production or acquisition of technological equipment, machines, and installations used in the production of taxable income. Qualifying assets includes those listed under subgroup 2.1 of Romania's catalogue concerning the classification and normal service life of fixed assets.
The exemption will apply for reinvested book profits registered from July 1st, 20…